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Monthly Archives: October 2017
Basics about Super – Tips to tidy up your Super and how to PLAN for a better retirement!
Most of us are pushed for time to think about our super or know how to plan for a better retirement – but it is not hard and the satisfaction you get knowing you have set in place some strategies … Continue reading
Masterclass SMSF – More on when an SMSF member dies, death and superannuation – what are the tax consequences?
In our post last month on this topic, we looked at WHO can get super money if there are no dependants when a member dies. This time we look at the tax consequences. Now even though there may be no … Continue reading
NEWS – ATO may soften on proposed event-based reporting SMSF rules
Controversial and laborious event-based reporting rules for Australia’s army of DIY super fund operators may be softened by the tax office in coming weeks. Under current plans the Australian Taxation Office wants all SMSFs (self-managed super funds) to report much … Continue reading
MASTERCLASS Investment – Cash and Accrual Accounting – What is the difference?
Cash and Accrual accounting are the 2 ways companies report on their financial statements. And when planning for SMSF investing, understanding them is a foundation to reading the financials of a company. Cash accounting records receipts are recorded during the … Continue reading
NEWS – ATO watch list 2017 – SMSF items on radar to note – property development, second SMSF, excess contributions, reserves
A report at SMSF Advisor by Katarina Taurian, highlights new ATO watch list items on their radar to take note of (our emphasis added) – The tax office has added a series of new items of concern to its watch list … Continue reading